Illinois Tool Works continues to raise operating efficiency as it seeks to accelerate organic growth
Narrow-moat Illinois Tool Works’ Dec. 1 investor day presentations mainly highlighted that the great consistency with which the company has performed the past several years is set to continue.ITW’s traditional recipe for double-digit annual earnings per share growth has featured moderate organic growth (we estimate 2.5% in 2017) across its extremely broad array of high-quality industrial products and services, enhanced by steady efficiency gains and share buybacks. Organic growth is likely to a...
Illinois Tool Works manufactures a range of industrial products and equipment. Automotive OEM segment produces components and fasteners for automotive-related applications. Food Equipment segment is engaged in commercial food equipment. Test and Measurement and Electronics segment produces equipment for testing and measuring of materials and structures. Welding segment produces arc welding equipment, consumables and accessories. Polymers and Fluids segment produces adhesives, sealants, lubrication and cutting fluids for auto aftermarket maintenance. Construction Products segment supplies fastening systems and solutions. Specialty Products segment is focused on patent protection.
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